Nigeria’s inflation rate dipped slightly to 15.10 percent in January 2026, down from 15.15 percent in December 2025, the National Bureau of Statistics (NBS) reported on Monday.
According to the NBS Consumer Price Index, the country’s overall price level, measured by the CPI, declined by 3.8 points to 127.4 in January from 131.2 in December, reflecting a slower rate of increase in the average cost of goods and services.
Food inflation also eased, falling to 8.89 percent in January from 10.84 percent in the previous month, indicating some relief in the cost of essential commodities.
The NBS further explained that on a month-on-month basis, the headline inflation rate for January 2026 was -2.88 percent, a 3.42-point drop compared with December 2025’s 0.54 percent, meaning that prices increased at a slower pace than the previous month.
Despite this slight decline in inflation, many Nigerians continue to express concerns over the rising cost of living across the country.